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Inclusion/Exclusion during Income Tax Return Filing

Do EMI Payable on application of Loan Against Property (LAP) be eligible for Tax Deduction during Income Tax Return Filing?? If yes, then is it eligible for Interest paid on the borrowed amount (u/s 24(b) of IT Act,1961) and/or Repayment of Principal amount (u/s 80 C of IT Act,1961) ?

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